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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/10/2026 -
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Hewlett Packard Enterprise (HPE) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend resistance line
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It was a fifth consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 0.28 points, or 1.14%, and closed at 24.89 on Friday, April 10, 2026. Weekly volume was -41% below average.

Long-term trend: [See HPE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 7.43 and reached 26.44 on October 8, 2025. HPE gained -19.01 points, or -255.85%, in 290 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 11.60 and resistance is at 27.26. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HPE medium-term trend chart]
A medium-term downtrend had started on October 8, 2025 at 26.44 and reached 19.84 on February 24, 2026. HPE lost 6.60 points, or 24.96%, in 19 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (19.80) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 27, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See HPE short-term trend chart]
A short-term uptrend had started on February 24, 2026 at 19.84 and reached 26.43 on March 25, 2026. HPE gained -6.59 points, or -33.22%, in 29 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (23.14) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.16
Williams' Percentage Range (W%R) 26.90
Lane's Stochastic (%D-Slow) 67.66
Greed/Fear Indicator (GFI) 68.98
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.97
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 56.49
Greed/Fear Indicator (GFI) 63.11
Moving Average Converg./Diverg. (MACD) 0.17
Trading Signals
Description Value Chart
Yearly Trendline Resistance 27.26
Upper Bollinger Band 26.49
Parabolic System 25.48
Price 24.89
Daily Stochastic Crossing 24.78
Weekly Stochastic Crossing 23.92
20 Day Moving Average 23.52
Monthly Trendline Resistance 23.49
Weekly Trendline Support 23.14
Weekly Trendline Resistance 22.82
50 Day Moving Average 22.54
Lower Bollinger Band 20.91
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Technology Hardware, Storage & Peripherals 50
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 20.60
Low Date 03/09/2026
High 26.43
High Date 03/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 22.82
Support 23.14
Low 19.84
Low Date 02/24/2026
High 26.43
High Date 03/25/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 23.49
Support 19.80
High 26.44
High Date 10/08/2025
Low 19.84
Low Date 02/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.97
Low Date 04/04/2025
High 26.44
High Date 10/08/2025
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 27.26
Support 11.60
Low 7.43
Low Date 03/18/2020
High 26.44
High Date 10/08/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.